Economics B A-Level
Shocks
What Shocks means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Shocks
Check what you remember
Read the wording for your board, then hide it and explain Shocks in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Sudden, unexpected events that significantly disrupt the normal operations of an economy or a specific market.
Topics that use Shocks
- Risks and uncertainty (Pearson Edexcel A-Level)
Related terms
- Business resilience
- Contingency planning
- Exchange rate risk
- Financial stability
- Forward contract
- Risk
- Supply-side shocks
- Uncertainty
Using Shocks in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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